Canada's 407 International calls C$625 million senior notes due 2010

New York, June 16 - 407 International Inc. said it has exercised its option to redeem all of its outstanding C$625 million 4.9% series 07-A2 senior medium-term notes due Oct. 4, 2010.

The company will pay C$1,008.97 per C$1,000 principal amount plus accrued interest.

The redemption is set for July 16.

Funding will come from the previously announced issuance of C$500 million 3.88% senior medium-term notes due June 16, 2015 and C$300 million 4.99% senior medium-term notes due June 16, 2020.

407 International owns and operates the 407 ETR toll highway near Toronto and is based in that city.

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